Prince International Corporation to Acquire Ferro Corporation (Combine with Chromaflo to Form Vibrantz Technologies)
April 21, 2022
Prince International Corporation (American Securities portfolio company) announced an all-cash acquisition of Ferro Corporation for $22.00 per share, valuing the deal at approximately $2.1 billion. After closing, Prince planned to combine with Chromaflo Technologies and rebrand the combined business as Vibrantz Technologies Inc., headquartered in Houston, Texas.
- Buyers
- Prince International Corporation, American Securities LLC
- Targets
- Ferro Corporation, Chromaflo Technologies
- Platforms
- Prince International Corporation
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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